As of today the American Depositary Receipts (ADRs) of the Norwegian aluminium and energy company Norsk Hydro ASA will be trading on the OTCQX International in the U.S.
As an OTCQX-listed company, Hydro will belong to the highest segment of the over-the-counter market, and can benefit from increased visibility across the U.S. investor community and association with some of the most reputable companies traded in the over-the-counter marketplace.
Hydro’s ADRs will trade in the United States on OTCQX under the ticker “NHYDY” where each ADR will represent one ordinary share. Since Hydro delisted from the New York Stock Exchange in November 2007, the ADRs have been traded over-the-counter on Pink Sheets.
Hydro’s shares are primary listed on the Oslo Stock Exchange in addition to a secondary listing on the London Stock Exchange.
OTCQX provides a gateway to U.S. securities markets for international companies that are listed on a qualified non-U.S. exchange and provide ongoing disclosure in English to U.S. investors. More importantly, OTCQX distinguishes the reputable international issuers from the 8,000 over-the-counter (OTC) securities traded in the U.S. Only leading companies that have substantial operating businesses and provide credible disclosure to the public are eligible for inclusion on the premium-tier OTCQX, which commenced trading on March 5, 2007. For more about OTCQX, visit www.otcqx.com.
Contact Stian Hasle
Telephone +47 22532520
Cellular +47 97736022